Bioplastic Packaging Market, By Material, By Type, By Application, By Geography

Description

The global bioplastic packaging market is estimated to be valued at USD 9.46 Bn in 2024 and is expected to reach USD 21.30 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 9.46 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	12.30%	2031 Value Projection:	US$ 21.30 Bn

Figure 1.Bioplastic Packaging Market Share (%), By Region, 2024

The global bioplastic packaging market has been growing significantly over the past decade. Bioplastics are plastics derived from renewable biomass sources, such as vegetable fats and oils, corn starch, or microbiota, instead of fossil fuel-based sources. They can be biodegradable or non-biodegradable. The rising awareness about sustainable packaging solutions and the increasing adoption of eco-friendly packaging due to stringent government regulations regarding the use of petroleum-based plastics are fueling the market growth. Various food and pharmaceutical companies are using bioplastic packaging products to meet the consumer demand for sustainable solutions. Moreover, growing R&D efforts to develop innovative and affordable bioplastics are further expanding market horizons. However, the high manufacturing costs of bioplastics compared to conventional plastics remains a key challenge.

Market Dynamics:

The global bioplastic packaging market is primarily driven by the increasing awareness regarding the environmental hazards of using petroleum-based plastics and the implementation of government bans on single-use plastic products. According to regulations, plastics labelled as biodegradable must completely decompose into CO2, water, and biomass within a specified timeframe when disposed of under composting conditions. This creates new opportunities for bioplastics manufacturers. However, high production costs compared to conventional plastics continue to restrain the market growth. On the other hand, ongoing R&D to develop cost-effective bioplastic formulations using by-products and low-value feedstock offers new avenues. Furthermore, innovations in bio-based packaging for various industries like food and beverages, personal care, pharmaceuticals, etc. are expected to create viable prospects in the coming years.

Key Features of the Study:

This report provides an in-depth analysis of the global bioplastic packaging market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global bioplastic packaging market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Amcor Plc., Novamont S.p.A, NatureWorks, LLC., Coveris, Sealed Air, Alpha Packaging, Constantia Flexibles , Mondi, Transcontinental Inc., ALPLA, Nature's Bio Plastic, Raepak Ltd., Biogreen Packaging Pvt. Ltd., Tetra Pak International SA, Tipa-corp Ltd., Treemera GmbH, Element Packaging Ltd, Alpagro Packaging, and other prominent players.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global bioplastic packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global bioplastic packaging market.

Detailed Segmentation-

By Material:
- Biodegradable
- Polylactic Acid
- Starch Blends
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Others
- Non-biodegradable
- Bio Polyethylene
- Bio Polyethylene Terephthalate
- Bio Polyamide
- Other
By Type:
- Rigid
- Flexible
By Application:
- Food & Beverages
- Consumer Goods
- Pharmaceutical
- Industrial Goods
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Amcor Plc.
- Berry Global Group, Inc.
- CCL Industries
- Coveris
- Sealed Air
- Sonoco Products Company
- WINPAK Ltd.
- Alpha Packaging
- Constantia Flexibles
- Mondi
- Gerresheimer AG
- Silver Spur Corp.
- Greif
- Transcontinental Inc.
- ALPLA
- Packman
- U-Pack
- Total Pack
- Storopack Ind Pvt. Ltd
- Astron Packaging Ltd

Product Code: CMI1256

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Material
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Bioplastic Packaging Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Bioplastic Packaging Market
Impact Analysis

5. Global Bioplastic Packaging Market, By Material, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Biodegradable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Sub Segment Trends
Polylactic Acid
Starch Blends
Polybutylene Adipate Terephthalate (PBAT)
Polybutylene Succinate (PBS)
Others
Non-Biodegradable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Sub Segment Trends
Bio Polyethylene
Bio Polyethylene Terephthalate
Bio Polyamide
Others

6. Global Bioplastic Packaging Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Rigid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Flexible
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Bioplastic Packaging Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Consumer Goods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Industrial Goods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

8. Global Bioplastic Packaging Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Regions, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Material, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Material, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Material, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Material, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Material, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- Amcor Plc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Novamont S.p.A
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- NatureWorks, LLC.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Coveris
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Sealed Air
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Alpha Packaging
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Constantia Flexibles
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Mondi
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Transcontinental Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- ALPLA
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Nature's Bio Plastic
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Raepak Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Biogreen Packaging Pvt. Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Tetra Pak International SA
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Tipa-corp Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Treemera GmbH
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Element Packaging Ltd
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Alpagro Packaging
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
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